Gas prices begin to rise…again

Published 10:36 am Tuesday, December 26, 2023

Average gasoline prices in Alabama have risen 6.7 cents per gallon in the last week, averaging $2.78 per gallon as of December 26, according to GasBuddy’s survey of 3,348 stations in Alabama. Prices in Alabama are 3.9 cents per gallon lower than a month ago and stand 0.7 cents per gallon higher than a year ago. The national average price of diesel has risen 0.6 cents in the last week and stands at $4.00 per gallon.

According to GasBuddy price reports, the cheapest station in Alabama was priced at $2.47 per gallon Monday, while the most expensive was $3.39 per gallon, a difference of 92.0 cents per gallon.

The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.07 per gallon Monday. The national average is down 13.8 cents per gallon from a month ago and stands 1.8 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Alabama and the national average going back ten years:
December 26, 2022: $2.78/g (U.S. Average: $3.06/g)
December 26, 2021: $2.97/g (U.S. Average: $3.25/g)
December 26, 2020: $2.00/g (U.S. Average: $2.25/g)
December 26, 2019: $2.26/g (U.S. Average: $2.54/g)
December 26, 2018: $1.95/g (U.S. Average: $2.30/g)
December 26, 2017: $2.16/g (U.S. Average: $2.44/g)
December 26, 2016: $2.08/g (U.S. Average: $2.28/g)
December 26, 2015: $1.76/g (U.S. Average: $2.00/g)
December 26, 2014: $2.19/g (U.S. Average: $2.30/g)
December 26, 2013: $3.07/g (U.S. Average: $3.26/g)

“After 13 straight weeks of decline, average gasoline prices have edged higher due to optimistic comments from the Fed on cutting interest rates in 2024, coupled with Houthi attacks on vessels in the Red Sea, boosting concerns of a disruption to global shipping, including oil shipments,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, the price of gasoline has already jumped, but could ease slightly this week ahead of the New Year. For now, I’m optimistic that we may still have a chance of seeing the first $2.99 national average since 2021 sometime before spring arrives. We’ll have the full details on what we expect for gasoline and diesel prices in 2024 later this week. Hopefully motorists will be able to celebrate a New Year with good news at the pump!”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.